Reverse Mortgage Australia in 2017

After a long absence being busy with my reverse mortgage broker Seniors First, I thought it was high time to provide a ‘state of play’ update for Reverse Mortgage Australia in 2017.

I’m pleased to report it’s mostly good news! The reverse mortgage market is perhaps the healthiest it’s been in some years. There are a good number of lenders operating in the market, with a wider array of product features and credit policies than has been available for some time. There are also rumoured to be more reverse mortgage lenders entering the market soon.

Other lenders active in the market include: CBA, St George, Macquarie Bank, and My Life, My Finance (formerly known as Transcomm Credit Union). Your choice of lender will usually be detemined by a number of factors such as: